News

EfTEN United Property Fund distributes 142 226 euros to investors

EfTEN Capital AS, as the management company of the EfTEN United Property Fund (stock market ticker EFCUPFFT, ISIN code EE3500001609) decided to make a cash distribution of 5,726 euro cents per unit, totalling 142 226 euros. The distribution constitutes 0,54% of the fund’s current NAV and 0,71% of the fund’s latest closing price.

This is the second distribution of the EfTEN United Property Fund in 2024. Since the listing of EfTEN United Property Fund units on the Nasdaq Tallinn stock market in May 2022, the fund has made distributions in the amount of 66,4 euro cents per unit.

The distribution is based on income from the EfTEN Real Estate Fund 5.

The list of unitholders eligible for distribution will be fixed as of the end of the business day of the settlement system of the securities registry (record date) on November 1, 2024. Based on the above, the day of changing the rights related to the units of the fund (ex-date) is October 31, 2024. Starting from that date, the person acquiring the units of the fund does not participate in this distribution.

The distribution to unitholders will be made on November 14, 2024 via cash transfer to unitholder’s bank account and is subject to taxation according to the law.

UNA Retail Park in Vilnius added to the EfTEN United Property Fund portfolio

EfTEN United Property Fund invested 4.78 million euros in EfTEN Real Estate Fund 5 aimed at institutional investors. The latter acquired the newly completed UNA retail park at Dangeručio 1 in Vilnius (property with retail centre building). The center’s anchor tenants are Kesko Senukai and Rimi.

After the transaction ca 90% of the EfTEN United Property Fund is invested. As the investment is to another fund managed by the EfTEN Capital AS, the EfTEN United Property Fund does not charge a management fee on the investment in line with its fund terms and conditions.

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EfTEN United Property Fund distributes approximately 584 000 euros to investors

EfTEN Capital AS, as the management company of the EfTEN United Property Fund (stock market ticker EFCUPFFT, ISIN code EE3500001609) decided to make a cash payment of 23,495 euro cents per unit from the fund to the unitholders. The payment constitutes 2,14% of the fund’s current NAV and 2,5% of the fund’s latest closing price. Since the listing of fund at Nasdaq Tallinn Stock Exchange in May 2022, the fund has distributed 32 euro cents per fund unit.

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EfTEN United Property Fund distributes approximately 212 000 euros to investors

EfTEN Capital AS, as the management company of the EfTEN United Property Fund (stock market ticker EFCUPFFT, ISIN code EE3500001609) decided to make a cash payment of 8,531 euro cents per unit from the fund to the unitholders. The pay-out is based on the full distribution of free cash flow to be received from the fund’s investments to the EfTEN Kinnisvarafond AS and the EfTEN Real Estate Fund II AS, as decided at the annual general meetings of these funds.

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Results and allocation of the public offering of the EfTEN United Property Fund units

On Friday (May 20, 2022), the first interim period of the public offering of the EfTEN United Property Fund units ended. The offering size was up to 460,000 offered fund units. In case of oversubscription, the management company (the EfTEN Capital) had the right to upsize the offering by 300,000 offered fund units.
Investors submitted a total of 2,716 subscription orders and subscribed for 1,217,730 offered fund units. Thus, the volume of the offer was recorded more than 2.65 times.

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Preliminary results of the public offering of the EfTEN United Property Fund units and the offer price of the units

Based on the offering prospectus as registered with the Financial Supervision Authority on 18.04.2022, the EfTEN Capital AS carried out the public offering of the EfTEN United Property Fund units during the first interim period of the offering between 09.05.2022 at 9:00 and 20.05.2022 at 11:00. The offer was organised to all legal and natural persons in Estonia. The offer size during the interim period was up to 460,000 offered fund units, with the option to upsize by 300,000 offered fund units to be decided upon the distribution of the IPO.
During the interim period, a total of 2 716 subscription orders were submitted and 1 217 730 offered fund units was subscribed for. The volume of the offer was oversubscribed by 2,65 times. Employees and related parties of the EfTEN Capital AS subscribed for ca 15% of the total subscribed units.

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EfTEN United Property Fund receives a dividend from the EfTEN Kinnisvarafond AS

Today, 17.05.2022, the General Meeting of the shareholders of the EfTEN Kinnisvarafond AS took place, which approved the annual report of 2021 and decided to distribute profits. Due to the strong financial results of the EfTEN Kinnisvarafond AS, the shareholders confirmed a larger dividend pay-out as compared to initially planned (16.03 cents per share vs. initially planned 14.68 cents per share).

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Summary of the EfTEN United Property Fund webinar

On 16 May 2022, a webinar of EfTEN United Property Fund was held, where Kristjan Tamla, the head of retail business of EfTEN Capital AS, introduced the EfTEN United Property Fund and the ongoing IPO of the fund.

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EfTEN United Property Fund is organizing a webinar to introduce the fund and the terms and conditions of the issue of the fund’s units (IPO)

EfTEN United Property Fund invites all interested parties to participate in a webinar introducing the issue of the fund and the fund’s units on May 16, 2022 at 14:30 (EET).

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EfTEN United Property Fund launches a €5m IPO today

Today commences a public offering of fund units of EfTEN United Property Fund, a real estate fund aimed at retail investors. The offering period lasts until 11:00 on May 20, 2022, and the volume of the issue is 5 million euros. The fund units are scheduled to be listed on the Tallinn Stock Exchange on May 31, 2022.

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